India’s Minister for Petroleum and Natural Gas, Hardeep Singh Puri claimed that the country has 60 days of crude oil, 60 days of LNG, and 45 days of LPG reserves available.
Furthermore, he said that panic buying was on the rise in India, due to fear mongering.
He advised that India’s supply was in check, and no dryout has been reported. Puri mentioned that petrol consumption was up by 6%, due to rumours about supply.
On a social media video, he said: “There is no shortage of any petroleum product in the country... India has 60 days of crude oil, 60 days of LNG, and 45 days of LPG reserves available.
“Amid tensions in West Asia, to ensure uninterrupted supply, India has unprecedentedly increased its daily LPG production (from 35,000 tonnes to 54,000 tonnes),” he posted.
Noting that many countries experienced fluctuations in oil prices and availability, India was not affected at all. “Some people tried their best to engage in hoarding and spread rumours, but under the guidance of PM, Narendra Modi, our efforts ensured that there was no shortage of petrol, diesel, or LPG anywhere in the country,” he added.
